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MC Qu. 154 On January 1, a company issues... On January 1, a company issues bonds dated January 1 with a par value of $300,000.

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MC Qu. 154 On January 1, a company issues... On January 1, a company issues bonds dated January 1 with a par value of $300,000. The bonds mature in 5 years. The contract rate is rate is 10% and the bonds are sold for $288,413. The journal entry to record the issuance of the bond is

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